Treaty Series Recueil des Traites - United Nations Treaty Collection

262 United Nations - Treaty Series 1969
be final and binding upon the parties to the Development Credit Agreement. Each
party shall abide by and comply with any such award rendered by the Arbitral
Tribunal in accordance with the provisions of this Section.
(i) The parties shall fix the amount of the remuneration of ,the arbitrators
and such other persons as shall be required for the conduct of the arbitration proceedings.
If the parties shall not agree on such amount before the Arbitral Tribunal
shall convene, the Arbitral Tribunal shall fix such amount as shall be reasonable under
the circumstances. Each party shall defray its own expenses in the arbitration
proceedings. The costs of the Arbitral Tribunal shall be divided between and
borne equally by the parties. Any question concerning the division of the costs
of the Arbitral Tribunal or the procedure for payment of such costs shall be determined
by the Arbitral Tribunal.
(j) The provisions for arbitration set forth in this Section shall be in lieu of
any other procedure for the determination of controversies between the parties to
the Development Credit Agreement and any claims by either party against the
other party arising thereunder.
(k) The Association shall not be entitled to enter judgment against the Borrower
upon the award, to enforce the award against the Borrower by execution or to
pursue any other remedy against the Borrower for the enforcement of the award,
except as such procedure may be available against the Borrower otherwise than by
reason of the provisions of this Section. If, within 30 days after counterparts of the
award shall be delivered to the parties, the award shall not be complied with by the
Association, the Borrower may take any such action for the enforcement of the
award against the Association.
(1) Service of any notice or process in connection with any proceeding under
this Section or in connection with any proceeding to enforce any award rendered
pursuant to this Section may be made in the manner provided in Section 9.01.
The parties to the Development Credit Agreement waive any and all other requirements
for the service of any such notice or process.
Article IX
MISCELLANEOUS PROVISIONS
SECTION 9.01. Notices and Requests. Any notice or request required or
permitted to be given or made under the Development Credit Agreement and any
agreement between the parties contemplated by the Development Credit Agreement
shall be in writing. Except as otherwise provided in Section 10.03 such notice or
request shall be deemed to have been duly given or made when it shall be delivered
by hand or by mail, telegram, cable, telex or radiogram to the party to which it
is required or permitted to be given or made at such party's address specified in
the Development Credit Agreement, or at such other address as such party shall
have designated by notice to the party giving such notice or making such request.
No. 10092